# What is 
zkSync | $ZKS ?


By [Shahriar Alam](https://paragraph.com/@shahriar-alam) · 2023-03-19

---

*   A L2 scaling solution for $ETH
    
*   uses Zero-Knowledge Rollup (ZK-Rollup) to bundle & process Txs off-chain
    
*   This speeds up Txs & reduces gas fees while maintaining security & privacy
    
*   Developed by @Matterlabs\_
    
*   Some backers & investors include:

---

*Originally published on [Shahriar Alam](https://paragraph.com/@shahriar-alam/what-is-zksync-zks)*